Which of the Following Statements Accurately Brings Out the Difference

question 57

Multiple Choice

Which of the following statements accurately brings out the difference between closed innovation and open innovation?

• A) Firms following the open innovation model are much more likely to be prone to the not-invented-here syndrome than firms pursuing a closed innovation model.
• B) While open innovation focuses on building an effective business model to commercialize R&D, closed innovation focuses on being first to market.
• C) Firms following the open innovation model are more protective about their intellectual property than firms pursuing a closed innovation model.
• D) While open innovation means introducing new technologies to new markets, closed innovation refers to introducing new technologies to existing markets.

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Definitions:

Dispersion Forces

Weak intermolecular forces of attraction, also known as London dispersion forces, arising from temporary shifts in electron density in nonpolar molecules.

General Formula

A representation of the composition of any member of a family of compounds, illustrating a common structural feature among them.

Cyclic Alkanes

Alkanes that contain a ring of carbon atoms in their molecular structure, differing from straight-chain alkanes.

Cyclohexane

A cycloalkane with the molecular formula C6H12, it is a colourless, volatile liquid with a distinct odor, primarily used as a nonpolar solvent.